The current geopolitical situation in Europe encourages US politicians to devote more attention to energy security. At the same time, US energy companies have become more flexible and are actively searching for new markets due to the increased supply of gas. Energy Minister Rokas Masiulis who has returned from the United States yesterday says that such combination of circumstances is favourable to Lithuania.

The natural gas supply and trading company LITGAS, part of the Lithuanian state controlled Lietuvos Energija energy company group, on February 27 signed a master trade agreement to enable purchases of LNG from Cheniere Marketing, a subsidiary of Cheniere Energy. Cheniere Energy will open the first LNG export terminal in the U.S. in over 40 years later this year, first LNG expected to arrive in Lithuania as early as 2016.

Natural gas supply and trading company LITGAS, part of the Lithuanian state controlled Lietuvos Energija energy company group, signed a memorandum of understanding on February 26 with Delfin LNG LLC – the first offshore floating liquefaction project in the U.S.

Lithuania is interested in being supplied with liquefied natural gas (LNG) by the United States as soon as possible once the Unites States give the green light to LNG exports. In the meantime, the Lithuanian delegation in the USA is trying to negotiate the best possible terms of LNG exports before any other potential buyers.

At a meeting with the US Secretary of Energy Ernest Moniz held on 24 February in Washington, Lithuanian Minister of Energy Rokas Masiulis confirmed Lithuania’s readiness to purchase liquefied natural gas (LNG) from the USA as soon as US companies start exporting it.

The natural gas supply and trading company LITGAS, part of the state controlled Lietuvos Energija energy company group, was authorized to trade in the Estonian gas market. Estonian Competition Authority granted the permission to LITGAS. The permission enables LITGAS to trade natural gas in Estonian market without an additional license.